Noah Haynes Swayne

“ We have, however, looked carefully into the record for light as to the facts, and find that all the proceedings were in substantial conformity to the requirements of the law, and the proof is clear that every thing was honestly done.
The city is estopped by the recital on the face of the securities to deny its verity. A bona fide purchaser had a right to regard it as true, and was not bound to look further. ”

“ Almost every question that can arise in such litigation has been settled in this forum by repeated adjudications. In the present case, our remarks will be confined to the points to which our attention has been called by the counsel for the city. No fulness of discussion is necessary.
The twelfth section of the act approved Sept. 5, 1850, entitled 'An Act to incorporate the San Antonio Railroad Company,' authorized the city to take the stock 'and issue bonds bearing interest, or otherwise to pledge the faith of said city, . . . ”